Subscribe to Hidden Forces Here: http://www.hiddenforcespod.com/
In Episode 16 of Hidden Forces, host Demetri Kofinas speaks with Anne Stevenson-Yang. Anne is the co-founder of J CapitalResearch, which conducts ground-up, primary research for institutional money managers on stocks, the Chinese economy, and the Chinese financial system. Over 25 years in China, Mrs. Stevenson-Yang has also worked as an industry analyst and trade advocate, heading the US Information TechnologyOffice and the China operations of the US-ChinaBusiness Council. Anne Stevenson-Yang is the author of the recent book China Alone: China’sEmergence and Potential Return to Isolation, in which she sets out her views on the Chinese economy and political system, arguing that China historically repeats a cycle of expansion and retreat.
In this episode, we take a trip to the other side of the world. We travel to the land of China. Our conversation concerns itself with the contemporary changes in Chinese society that came after the death of Chairman Mao. What was life like in China before Nixon and Kissinger made their famous visit in 1971? Why did modernization and reform in China begin after 1978? Who was responsible for the opening in China? What was the role of Deng Xiaoping, and why is he remembered as “the architect” of a new brand of thinking that combined socialist ideology with pragmatic aspects of market economics – a system the Chinese call “Socialism with Chinese Characteristics.”
What changes did the Chinese experience between 1979 and 1989, during the implementation of the economic reforms of Deng Xiaoping? How did these reforms culminate into the protests in Tiananmen Square in 1989? What was the Chinese government’s reaction to the uprisings? The Chinese response differed significantly from the Soviet reaction to the fall of the Berlin Wall in the same year. The Chinese government decided to follow a different path after the massacres in Tiananmen Square, by turbocharging economic development. Explicit targets were set for GDP growth. There was selective liberalization of the Chinese economy, particularly in Chinese real estate. China placed a huge emphasis on building its manufacturing industries and on acquiring hard currency through exports. The Chinese financial system remained highly centralized and China’s currency, the renminbi, carefully controlled. All this was used towards re-investment with an almost single-minded commitment to hitting the government’s GDP targets.
Some have called the rise of China in the late 20th century a miracle. It is more appropriate to call it “the Chinese miracle.” The size of the Chinese economy has increased more than 25-fold in the last 25 years. Thirty years ago, the Chinese economy measured in at less than 5% of US GDP in exchange terms (perhaps as low as 2%). By 1992, the Chinese economy was only 6% of US GDP. By 2000 China weighed in at roughly 12-15% of US GDP. Today, China boasts a Gross Domestic Product that is roughly 60% that of United States. Loan Growth in the Chinese financial system has averaged 16% in the last 20 years. Loan growth in China reached an all-time high of 35% of GDP in June of 2009, amidst the greatest economic contraction since the Great Depression. Total debt in China recently surpassed 300% of GDP. This makes the finances of Western nations like the United States, France, and the United Kingdom seem frugal by comparison. In the first 7 years since the financial crisis, bank liabilities in the Chinese financial system grew by nearly $15 trillion dollars. This is the near equivalent of the consolidated size of all US commercial banks. China has used more cement in 3 years of massive overbuilding than the U.S. employed in all of the 20th Century. Hundreds of thousands of meters of unsold residential real estate sit empty around the country. There is a massive amount of industrial overcapacity in China. Chinese ghost cities have become almost as cliche as the fake Paris’, Venice, and Dubai’s created within mainland China. The Chinese economy is in terrible need of a recession. But the Chinese government cannot afford the recession that it desperately needs. Nevertheless, it cannot avoid the crisis that has been building in the Chinese financial system. How will the citizens of China, its trading partners, emerging markets and developed economies react when the reckoning finally arrives. How much longer can the Chinese government continue to postpone the inevitable?
Follow us on Facebook: https://www.facebook.com/hiddenforcespod/
Follow us on Twitter: https://twitter.com/hiddenforcespod
Follow us on Instagram: https://www.instagram.com/hiddenforcespod/

published:31 Jul 2017

views:6273

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 01.25.2016
The tech sectors is now getting hit with layoffs. The Dallas Fed survey is at a 6 year low and crashing. Manufacturing in a decline which is signalling a major depression coming soon. The East know the West is now bankrupt and they are preparing and waiting patiently for it to be complete. Norway's biggest bank is now pushing a cashless society. The house of Saud will most likely contribute to the collapse of the global economy.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
IntroMusic: YouTube Free Music: WarriorStrife by Jingle PunksFair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.
The X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
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published:16 Nov 2017

views:530

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 09.29.2015
Using the government sponsored conference board consumer confidence is soaring compared to the people poll by Gallup. BofA getting ready to lay off employees. Glencore could be the next Lehman. CaseShiller home prices miss expectation as prices continue to come down.Home prices dropping in 10 cities and spreading. China now pushing the idea of resetting the financial system as it was done after WWII in Bretton Woods. The 4th and largest Obamacare Co-Op collapsed.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
IntroMusic: YouTube Free Music: WarriorStrife by Jingle PunksFair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.
The X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Financial system

A financial system (within the scope of finance) is a system that allows the exchange of funds between lenders, investors, and borrowers. Financial systems operate at national, global, and firm-specific levels. They consist of complex, closely related services, markets, and institutions used to provide an efficient and regular linkage between investors and depositors.

Money, credit, and finance are used as media of exchange in financial systems. They serve as a medium of known value for which goods and services can be exchanged as an alternative to bartering. A modern financial system may include banks (operated by the government or private sector), financial markets, financial instruments, and financial services. Financial systems allow funds to be allocated, invested, or moved between economic sectors. They enable individuals and companies to share the associated risks.

The Components of a Financial market

Financial institutions

Financial institutions provide financial services for members and clients. They are typically regulated heavily, as they provide market stability and consumer protection. Financial institutions include:

China is a global hub for manufacturing, and is the largest manufacturing economy in the world as well as the largest exporter of goods in the world. China is also the world's fastest growing consumer market and second largest importer of goods in the world. China is a net importer of services products.

Chinese people

Chinese people are the various individuals or groups of people associated with China (or Greater China), either by reason of ancestry or heredity, ethnicity, nationality, citizenship, place of residence, or other affiliations.

Ancestry or heredity

A number of ethnic groups within the region of China, as well as people elsewhere with ancestry in the region, may be referred to as Chinese people.

Han Chinese, the largest ethnic group in China, are often referred to as "Chinese" or "ethnic Chinese" in English. Han Chinese also form a majority or large minority in other countries, and may comprise as much as 19% of the global human population.

Other ethnic groups in China include the Zhuang, Hui, Manchu, and Uyghurs, among many others. The People's Republic of China (PRC) officially recognizes 56 distinct ethnic groups, some of whom live in special administrative regions of the country. Taiwan officially recognizes 14 tribes of Taiwanese aborigines, who together with unrecognized tribes comprise about 2% of the country's population. The list of ethnic groups in China includes the major ethnic groups of China (PRC) and Taiwan.

China's Economy in Crisis | Inside the Chinese Financial System with Anne Stevenson-Yang

China's Economy in Crisis | Inside the Chinese Financial System with Anne Stevenson-Yang

China's Economy in Crisis | Inside the Chinese Financial System with Anne Stevenson-Yang

Subscribe to Hidden Forces Here: http://www.hiddenforcespod.com/
In Episode 16 of Hidden Forces, host Demetri Kofinas speaks with Anne Stevenson-Yang. Anne is the co-founder of J CapitalResearch, which conducts ground-up, primary research for institutional money managers on stocks, the Chinese economy, and the Chinese financial system. Over 25 years in China, Mrs. Stevenson-Yang has also worked as an industry analyst and trade advocate, heading the US Information TechnologyOffice and the China operations of the US-ChinaBusiness Council. Anne Stevenson-Yang is the author of the recent book China Alone: China’sEmergence and Potential Return to Isolation, in which she sets out her views on the Chinese economy and political system, arguing that China historically repeats a cycle of expansion and retreat.
In this episode, we take a trip to the other side of the world. We travel to the land of China. Our conversation concerns itself with the contemporary changes in Chinese society that came after the death of Chairman Mao. What was life like in China before Nixon and Kissinger made their famous visit in 1971? Why did modernization and reform in China begin after 1978? Who was responsible for the opening in China? What was the role of Deng Xiaoping, and why is he remembered as “the architect” of a new brand of thinking that combined socialist ideology with pragmatic aspects of market economics – a system the Chinese call “Socialism with Chinese Characteristics.”
What changes did the Chinese experience between 1979 and 1989, during the implementation of the economic reforms of Deng Xiaoping? How did these reforms culminate into the protests in Tiananmen Square in 1989? What was the Chinese government’s reaction to the uprisings? The Chinese response differed significantly from the Soviet reaction to the fall of the Berlin Wall in the same year. The Chinese government decided to follow a different path after the massacres in Tiananmen Square, by turbocharging economic development. Explicit targets were set for GDP growth. There was selective liberalization of the Chinese economy, particularly in Chinese real estate. China placed a huge emphasis on building its manufacturing industries and on acquiring hard currency through exports. The Chinese financial system remained highly centralized and China’s currency, the renminbi, carefully controlled. All this was used towards re-investment with an almost single-minded commitment to hitting the government’s GDP targets.
Some have called the rise of China in the late 20th century a miracle. It is more appropriate to call it “the Chinese miracle.” The size of the Chinese economy has increased more than 25-fold in the last 25 years. Thirty years ago, the Chinese economy measured in at less than 5% of US GDP in exchange terms (perhaps as low as 2%). By 1992, the Chinese economy was only 6% of US GDP. By 2000 China weighed in at roughly 12-15% of US GDP. Today, China boasts a Gross Domestic Product that is roughly 60% that of United States. Loan Growth in the Chinese financial system has averaged 16% in the last 20 years. Loan growth in China reached an all-time high of 35% of GDP in June of 2009, amidst the greatest economic contraction since the Great Depression. Total debt in China recently surpassed 300% of GDP. This makes the finances of Western nations like the United States, France, and the United Kingdom seem frugal by comparison. In the first 7 years since the financial crisis, bank liabilities in the Chinese financial system grew by nearly $15 trillion dollars. This is the near equivalent of the consolidated size of all US commercial banks. China has used more cement in 3 years of massive overbuilding than the U.S. employed in all of the 20th Century. Hundreds of thousands of meters of unsold residential real estate sit empty around the country. There is a massive amount of industrial overcapacity in China. Chinese ghost cities have become almost as cliche as the fake Paris’, Venice, and Dubai’s created within mainland China. The Chinese economy is in terrible need of a recession. But the Chinese government cannot afford the recession that it desperately needs. Nevertheless, it cannot avoid the crisis that has been building in the Chinese financial system. How will the citizens of China, its trading partners, emerging markets and developed economies react when the reckoning finally arrives. How much longer can the Chinese government continue to postpone the inevitable?
Follow us on Facebook: https://www.facebook.com/hiddenforcespod/
Follow us on Twitter: https://twitter.com/hiddenforcespod
Follow us on Instagram: https://www.instagram.com/hiddenforcespod/

20:27

China And Russia Are Preparing For A Bankrupt US Financial System - Episode 876a

China And Russia Are Preparing For A Bankrupt US Financial System - Episode 876a

China And Russia Are Preparing For A Bankrupt US Financial System - Episode 876a

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 01.25.2016
The tech sectors is now getting hit with layoffs. The Dallas Fed survey is at a 6 year low and crashing. Manufacturing in a decline which is signalling a major depression coming soon. The East know the West is now bankrupt and they are preparing and waiting patiently for it to be complete. Norway's biggest bank is now pushing a cashless society. The house of Saud will most likely contribute to the collapse of the global economy.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
IntroMusic: YouTube Free Music: WarriorStrife by Jingle PunksFair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.
The X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
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25:01

China And Other Countries Are Discussing A Reset Of The World’s Financial System - Episode 778a

China And Other Countries Are Discussing A Reset Of The World’s Financial System - Episode 778a

China And Other Countries Are Discussing A Reset Of The World’s Financial System - Episode 778a

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 09.29.2015
Using the government sponsored conference board consumer confidence is soaring compared to the people poll by Gallup. BofA getting ready to lay off employees. Glencore could be the next Lehman. CaseShiller home prices miss expectation as prices continue to come down.Home prices dropping in 10 cities and spreading. China now pushing the idea of resetting the financial system as it was done after WWII in Bretton Woods. The 4th and largest Obamacare Co-Op collapsed.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
IntroMusic: YouTube Free Music: WarriorStrife by Jingle PunksFair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.
The X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

China's Banking System in Claymation

China's leaders are well aware that there's too much infrastructure spending and too little spending by consumers, and they're trying to "rebalance" the economy by easing interest rates and adding deposit insurance. The WSJ's Ken Brown explains China's financial system—with some help from claymation.
Click here to subscribe to our channel:
http://bit.ly/14Q81Xy
Visit us on Facebook:
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Follow us on Twitter: https://twitter.com/WSJLive
Visit the Wall Street Journal: www.wsj.com

13:07

Early Market Update and Mnuchin's Threat to Cut off China from U.S. Financial System.

Early Market Update and Mnuchin's Threat to Cut off China from U.S. Financial System.

Early Market Update and Mnuchin's Threat to Cut off China from U.S. Financial System.

In this report i cover the market action from London on Wednesday, September 13th, 2017. I also talk about the threat delivered to China by the U.S. secretary of the treasury, Steve Mnuchin, to cut China off the SWIFT dollar system.
Shanghai InternationalEnergyExchange: http://www.ine.cn/en/
"US Threatens To Cut Off China...": http://www.zerohedge.com/news/2017-09-12/us-threatens-cut-china-swift-if-it-violates-north-korea-sanctions
Donate to Maneco64:
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3:19

Fixing China's Financial Credit System

Fixing China's Financial Credit System

Fixing China's Financial Credit System

Hundreds of millions of Chinese citizens still use costly informal credit where they lack access to a formal financial system. Martin Chorzempa says that Chinese officials should work with private companies to improve the rules around sharing while protecting consumer data that will provide fair priced loans to Chinese people.

Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing.
At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all entering into micro-loan business to challenge traditional banks.
Alibaba
Alifinance doesn't reveal too much details, so we have to wait for the credit payment service's launch. The credit card interest-free period is 38 days. The credit limit would based on users' record on Taobao and Tmall. Alifiannce said they would cooperate with banks to run the service.
Earlier in June, Alibaba began offering currency fund products, called "Yu'E Bao" which means leftover treasure in Chinese. Alipay users can choose to put their money in Yu'E Bao to earn returns much higher than banks, with around 4.4% annual return. It has attracted a lot of users because of no minimum requirement and withdraw limit. Now, Yu'E Bao reached 20 billion yuan (USD 3.24 billion). Its users increased to 2.5 million merely in half a month.
Tencent
Wechat 5.0 includes payment service, which is supported by Tenpay. Now users can pay on public platform and pay be scanning QR code. The first batch of enterprises on Wechat includes many sectors, such as air ticket booking, online shopping, movie tickets group buy, etc.
ChinaAMC launched Wechat platform financial products in May 2013. Besides, it is said that Wechat also wants to cooperate with banks to launch financial products. Tenpay revealed to media that this project was ongoing.
BanksTraditional banks made different reactions towards internet companies' challenge.
ChinaIndustrial Bank stopped its credit card service on August 6. However, the failure of credit card doesn't mean banks cannot do online business well. Traditional banks have realized the compact of internet, and have been making changes to traditional business model. At present, China Merchants Bank and Ping An Bank have launched their Wechat platform financial services.
Although internet companies cannot compete with traditional banks now, but they stimulate banks to change. Although online finance service wouldn't be a threat to big loans, in some areas, such as third party payment and Wechat payment would influence online banks and Unionpay.
Some say Alipay and Wechat are not a huge threat to banks yet, because they have to cooperate with banks to provide online finance service. They are not competitors.
InternetFinancial system in China E bank Baidu, Alibaba challenge Chinese banks,for more information about chinese finacial system subscribe and browse channal at http://youtube.com/user/chinaworldnews as well as business website at http://penglaichina.com

3:11

Imf warns on brewing risks in china's financial system

Imf warns on brewing risks in china's financial system

Imf warns on brewing risks in china's financial system

Imf warns on brewing risks in china's financial system
[BEIJING] The International Monetary Fund on Thursday warned of brewing risks in China's banking sys...

4:43

Did Shadow Banking Destabilize China's Financial System ?

Did Shadow Banking Destabilize China's Financial System ?

Did Shadow Banking Destabilize China's Financial System ?

China's shadow banking activities are growing rapidly and could have significant and far-reaching impact on the country's financial system. In this CreditMatters TV segment, Managing DirectorRyan Tsang discusses the risks associated to various shadow banking activities and the potential impacts to the Chinese financial sector

China And Russia Are Preparing For A Bankrupt US Financial System - Episode 876a

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 01.25.2016
The tech sectors is now getting hit with layoffs. The Dallas Fed survey is at a 6 year low and crashing. Manufacturing in a decline which is signalling a major depression coming soon. The East know the West is now bankrupt and they are preparing and waiting patiently for it to be complete. Norway's biggest bank is now pushing a cashless society. The house of Saud will most likely contribute to the collapse of the global economy.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these videos have been created by X22 Repo...

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
Follow us on:...

published: 16 Nov 2017

China And Other Countries Are Discussing A Reset Of The World’s Financial System - Episode 778a

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 09.29.2015
Using the government sponsored conference board consumer confidence is soaring compared to the people poll by Gallup. BofA getting ready to lay off employees. Glencore could be the next Lehman. CaseShiller home prices miss expectation as prices continue to come down.Home prices dropping in 10 cities and spreading. China now pushing the idea of resetting the financial system as it was done after WWII in Bretton Woods. The 4th and largest Obamacare Co-Op collapsed.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these v...

China's Banking System in Claymation

China's leaders are well aware that there's too much infrastructure spending and too little spending by consumers, and they're trying to "rebalance" the economy by easing interest rates and adding deposit insurance. The WSJ's Ken Brown explains China's financial system—with some help from claymation.
Click here to subscribe to our channel:
http://bit.ly/14Q81Xy
Visit us on Facebook:
http://www.facebook.com/wsjlive
Follow us on Twitter: https://twitter.com/WSJLive
Visit the Wall Street Journal: www.wsj.com

published: 14 Jan 2014

Early Market Update and Mnuchin's Threat to Cut off China from U.S. Financial System.

In this report i cover the market action from London on Wednesday, September 13th, 2017. I also talk about the threat delivered to China by the U.S. secretary of the treasury, Steve Mnuchin, to cut China off the SWIFT dollar system.
Shanghai InternationalEnergyExchange: http://www.ine.cn/en/
"US Threatens To Cut Off China...": http://www.zerohedge.com/news/2017-09-12/us-threatens-cut-china-swift-if-it-violates-north-korea-sanctions
Donate to Maneco64:
https://www.goldmoney.com email: maneco@aol.com
BITCOIN: 14DUCdB6ZPP3su12VeN1BxWgvMHjAVZJSH
ETHEREUM: 0x5CecA7DB267169Ca6821edADC0baB80b346Ce6c0
LITECOIN: LfzXFonEWKNjAjAEEqK6oRRLE9PQ5zx2ec
https://www.paypal.me/maneco64
https://www.patreon.com/user?u=3730528
Follow me on Steemit: https://steemit.com/@maneco64

published: 13 Sep 2017

Fixing China's Financial Credit System

Hundreds of millions of Chinese citizens still use costly informal credit where they lack access to a formal financial system. Martin Chorzempa says that Chinese officials should work with private companies to improve the rules around sharing while protecting consumer data that will provide fair priced loans to Chinese people.

published: 05 Feb 2018

China and the Global Financial System A Clash of Civilizations

published: 23 Feb 2016

Rethinking China – China’s Financial Funhouse 10.19

Rethinking China – China’s Financial Funhouse: Will It All Come Toppling Down? A conversation with Arthur Kroeber and Zhang Lanlan
Thursday, October 19, 6:00 – 7:30PM
6:00 – 6:30PM: Cocktail networking
6:30 – 7:30PM: Program
Speakers: Arthur Kroeber, Lanlan Zhang
Event Fee: $10 Members, $20 Non-members, $5 Students
Location: 40 Rector Street, 2nd Floor, New York, NY 10006
China’s Financial Funhouse: How Close to Collapse?
Over the last decade, China has deregulated its financial system at breakneck speed, and debt has more than quadrupled. Banks and a host of non-bank financiers have created dozens of new investment products, catering to savers’ demands for higher returns than they can get on bank deposits. Borrowing by local governments, real estate companies and speculators has soared....

Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing.
At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all entering into micro-loan business to challenge traditional banks.
Alibaba
Alifinance doesn't reveal too much details, so we have to wait for the credit payment service's launch. The credit card interest-free period is 38 days. The credit limit would based on users' record on Taobao and Tmall. Alifiannce said they would cooperate with banks to run the service.
Earlier in June, Alibaba began offering currency fund products, called "Yu'E Bao" which means leftover treasure in Chines...

published: 11 Mar 2014

Imf warns on brewing risks in china's financial system

Imf warns on brewing risks in china's financial system
[BEIJING] The International Monetary Fund on Thursday warned of brewing risks in China's banking sys...

published: 07 Dec 2017

Did Shadow Banking Destabilize China's Financial System ?

China's shadow banking activities are growing rapidly and could have significant and far-reaching impact on the country's financial system. In this CreditMatters TV segment, Managing DirectorRyan Tsang discusses the risks associated to various shadow banking activities and the potential impacts to the Chinese financial sector

Subscribe to Hidden Forces Here: http://www.hiddenforcespod.com/
In Episode 16 of Hidden Forces, host Demetri Kofinas speaks with Anne Stevenson-Yang. Anne is the co-founder of J CapitalResearch, which conducts ground-up, primary research for institutional money managers on stocks, the Chinese economy, and the Chinese financial system. Over 25 years in China, Mrs. Stevenson-Yang has also worked as an industry analyst and trade advocate, heading the US Information TechnologyOffice and the China operations of the US-ChinaBusiness Council. Anne Stevenson-Yang is the author of the recent book China Alone: China’sEmergence and Potential Return to Isolation, in which she sets out her views on the Chinese economy and political system, arguing that China historically repeats a cycle of expansion and retreat.
In this episode, we take a trip to the other side of the world. We travel to the land of China. Our conversation concerns itself with the contemporary changes in Chinese society that came after the death of Chairman Mao. What was life like in China before Nixon and Kissinger made their famous visit in 1971? Why did modernization and reform in China begin after 1978? Who was responsible for the opening in China? What was the role of Deng Xiaoping, and why is he remembered as “the architect” of a new brand of thinking that combined socialist ideology with pragmatic aspects of market economics – a system the Chinese call “Socialism with Chinese Characteristics.”
What changes did the Chinese experience between 1979 and 1989, during the implementation of the economic reforms of Deng Xiaoping? How did these reforms culminate into the protests in Tiananmen Square in 1989? What was the Chinese government’s reaction to the uprisings? The Chinese response differed significantly from the Soviet reaction to the fall of the Berlin Wall in the same year. The Chinese government decided to follow a different path after the massacres in Tiananmen Square, by turbocharging economic development. Explicit targets were set for GDP growth. There was selective liberalization of the Chinese economy, particularly in Chinese real estate. China placed a huge emphasis on building its manufacturing industries and on acquiring hard currency through exports. The Chinese financial system remained highly centralized and China’s currency, the renminbi, carefully controlled. All this was used towards re-investment with an almost single-minded commitment to hitting the government’s GDP targets.
Some have called the rise of China in the late 20th century a miracle. It is more appropriate to call it “the Chinese miracle.” The size of the Chinese economy has increased more than 25-fold in the last 25 years. Thirty years ago, the Chinese economy measured in at less than 5% of US GDP in exchange terms (perhaps as low as 2%). By 1992, the Chinese economy was only 6% of US GDP. By 2000 China weighed in at roughly 12-15% of US GDP. Today, China boasts a Gross Domestic Product that is roughly 60% that of United States. Loan Growth in the Chinese financial system has averaged 16% in the last 20 years. Loan growth in China reached an all-time high of 35% of GDP in June of 2009, amidst the greatest economic contraction since the Great Depression. Total debt in China recently surpassed 300% of GDP. This makes the finances of Western nations like the United States, France, and the United Kingdom seem frugal by comparison. In the first 7 years since the financial crisis, bank liabilities in the Chinese financial system grew by nearly $15 trillion dollars. This is the near equivalent of the consolidated size of all US commercial banks. China has used more cement in 3 years of massive overbuilding than the U.S. employed in all of the 20th Century. Hundreds of thousands of meters of unsold residential real estate sit empty around the country. There is a massive amount of industrial overcapacity in China. Chinese ghost cities have become almost as cliche as the fake Paris’, Venice, and Dubai’s created within mainland China. The Chinese economy is in terrible need of a recession. But the Chinese government cannot afford the recession that it desperately needs. Nevertheless, it cannot avoid the crisis that has been building in the Chinese financial system. How will the citizens of China, its trading partners, emerging markets and developed economies react when the reckoning finally arrives. How much longer can the Chinese government continue to postpone the inevitable?
Follow us on Facebook: https://www.facebook.com/hiddenforcespod/
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Subscribe to Hidden Forces Here: http://www.hiddenforcespod.com/
In Episode 16 of Hidden Forces, host Demetri Kofinas speaks with Anne Stevenson-Yang. Anne is the co-founder of J CapitalResearch, which conducts ground-up, primary research for institutional money managers on stocks, the Chinese economy, and the Chinese financial system. Over 25 years in China, Mrs. Stevenson-Yang has also worked as an industry analyst and trade advocate, heading the US Information TechnologyOffice and the China operations of the US-ChinaBusiness Council. Anne Stevenson-Yang is the author of the recent book China Alone: China’sEmergence and Potential Return to Isolation, in which she sets out her views on the Chinese economy and political system, arguing that China historically repeats a cycle of expansion and retreat.
In this episode, we take a trip to the other side of the world. We travel to the land of China. Our conversation concerns itself with the contemporary changes in Chinese society that came after the death of Chairman Mao. What was life like in China before Nixon and Kissinger made their famous visit in 1971? Why did modernization and reform in China begin after 1978? Who was responsible for the opening in China? What was the role of Deng Xiaoping, and why is he remembered as “the architect” of a new brand of thinking that combined socialist ideology with pragmatic aspects of market economics – a system the Chinese call “Socialism with Chinese Characteristics.”
What changes did the Chinese experience between 1979 and 1989, during the implementation of the economic reforms of Deng Xiaoping? How did these reforms culminate into the protests in Tiananmen Square in 1989? What was the Chinese government’s reaction to the uprisings? The Chinese response differed significantly from the Soviet reaction to the fall of the Berlin Wall in the same year. The Chinese government decided to follow a different path after the massacres in Tiananmen Square, by turbocharging economic development. Explicit targets were set for GDP growth. There was selective liberalization of the Chinese economy, particularly in Chinese real estate. China placed a huge emphasis on building its manufacturing industries and on acquiring hard currency through exports. The Chinese financial system remained highly centralized and China’s currency, the renminbi, carefully controlled. All this was used towards re-investment with an almost single-minded commitment to hitting the government’s GDP targets.
Some have called the rise of China in the late 20th century a miracle. It is more appropriate to call it “the Chinese miracle.” The size of the Chinese economy has increased more than 25-fold in the last 25 years. Thirty years ago, the Chinese economy measured in at less than 5% of US GDP in exchange terms (perhaps as low as 2%). By 1992, the Chinese economy was only 6% of US GDP. By 2000 China weighed in at roughly 12-15% of US GDP. Today, China boasts a Gross Domestic Product that is roughly 60% that of United States. Loan Growth in the Chinese financial system has averaged 16% in the last 20 years. Loan growth in China reached an all-time high of 35% of GDP in June of 2009, amidst the greatest economic contraction since the Great Depression. Total debt in China recently surpassed 300% of GDP. This makes the finances of Western nations like the United States, France, and the United Kingdom seem frugal by comparison. In the first 7 years since the financial crisis, bank liabilities in the Chinese financial system grew by nearly $15 trillion dollars. This is the near equivalent of the consolidated size of all US commercial banks. China has used more cement in 3 years of massive overbuilding than the U.S. employed in all of the 20th Century. Hundreds of thousands of meters of unsold residential real estate sit empty around the country. There is a massive amount of industrial overcapacity in China. Chinese ghost cities have become almost as cliche as the fake Paris’, Venice, and Dubai’s created within mainland China. The Chinese economy is in terrible need of a recession. But the Chinese government cannot afford the recession that it desperately needs. Nevertheless, it cannot avoid the crisis that has been building in the Chinese financial system. How will the citizens of China, its trading partners, emerging markets and developed economies react when the reckoning finally arrives. How much longer can the Chinese government continue to postpone the inevitable?
Follow us on Facebook: https://www.facebook.com/hiddenforcespod/
Follow us on Twitter: https://twitter.com/hiddenforcespod
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published:31 Jul 2017

views:6273

back

China And Russia Are Preparing For A Bankrupt US Financial System - Episode 876a

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 01.25.2016
The tech sectors is now getting hit with layoffs. The Dallas Fed survey is at a 6 year low and crashing. Manufacturing in a decline which is signalling a major depression coming soon. The East know the West is now bankrupt and they are preparing and waiting patiently for it to be complete. Norway's biggest bank is now pushing a cashless society. The house of Saud will most likely contribute to the collapse of the global economy.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
IntroMusic: YouTube Free Music: WarriorStrife by Jingle PunksFair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.
The X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 01.25.2016
The tech sectors is now getting hit with layoffs. The Dallas Fed survey is at a 6 year low and crashing. Manufacturing in a decline which is signalling a major depression coming soon. The East know the West is now bankrupt and they are preparing and waiting patiently for it to be complete. Norway's biggest bank is now pushing a cashless society. The house of Saud will most likely contribute to the collapse of the global economy.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
IntroMusic: YouTube Free Music: WarriorStrife by Jingle PunksFair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.
The X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be ab...

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
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China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
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published:16 Nov 2017

views:530

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China And Other Countries Are Discussing A Reset Of The World’s Financial System - Episode 778a

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 09.29.2015
Using the government sponsored conference board consumer confidence is soaring compared to the people poll by Gallup. BofA getting ready to lay off employees. Glencore could be the next Lehman. CaseShiller home prices miss expectation as prices continue to come down.Home prices dropping in 10 cities and spreading. China now pushing the idea of resetting the financial system as it was done after WWII in Bretton Woods. The 4th and largest Obamacare Co-Op collapsed.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
IntroMusic: YouTube Free Music: WarriorStrife by Jingle PunksFair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.
The X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 09.29.2015
Using the government sponsored conference board consumer confidence is soaring compared to the people poll by Gallup. BofA getting ready to lay off employees. Glencore could be the next Lehman. CaseShiller home prices miss expectation as prices continue to come down.Home prices dropping in 10 cities and spreading. China now pushing the idea of resetting the financial system as it was done after WWII in Bretton Woods. The 4th and largest Obamacare Co-Op collapsed.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
IntroMusic: YouTube Free Music: WarriorStrife by Jingle PunksFair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.
The X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

China's Banking System in Claymation

China's leaders are well aware that there's too much infrastructure spending and too little spending by consumers, and they're trying to "rebalance" the economy...

China's leaders are well aware that there's too much infrastructure spending and too little spending by consumers, and they're trying to "rebalance" the economy by easing interest rates and adding deposit insurance. The WSJ's Ken Brown explains China's financial system—with some help from claymation.
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China's leaders are well aware that there's too much infrastructure spending and too little spending by consumers, and they're trying to "rebalance" the economy by easing interest rates and adding deposit insurance. The WSJ's Ken Brown explains China's financial system—with some help from claymation.
Click here to subscribe to our channel:
http://bit.ly/14Q81Xy
Visit us on Facebook:
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Follow us on Twitter: https://twitter.com/WSJLive
Visit the Wall Street Journal: www.wsj.com

published:14 Jan 2014

views:3892

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Early Market Update and Mnuchin's Threat to Cut off China from U.S. Financial System.

In this report i cover the market action from London on Wednesday, September 13th, 2017. I also talk about the threat delivered to China by the U.S. secretary o...

In this report i cover the market action from London on Wednesday, September 13th, 2017. I also talk about the threat delivered to China by the U.S. secretary of the treasury, Steve Mnuchin, to cut China off the SWIFT dollar system.
Shanghai InternationalEnergyExchange: http://www.ine.cn/en/
"US Threatens To Cut Off China...": http://www.zerohedge.com/news/2017-09-12/us-threatens-cut-china-swift-if-it-violates-north-korea-sanctions
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In this report i cover the market action from London on Wednesday, September 13th, 2017. I also talk about the threat delivered to China by the U.S. secretary of the treasury, Steve Mnuchin, to cut China off the SWIFT dollar system.
Shanghai InternationalEnergyExchange: http://www.ine.cn/en/
"US Threatens To Cut Off China...": http://www.zerohedge.com/news/2017-09-12/us-threatens-cut-china-swift-if-it-violates-north-korea-sanctions
Donate to Maneco64:
https://www.goldmoney.com email: maneco@aol.com
BITCOIN: 14DUCdB6ZPP3su12VeN1BxWgvMHjAVZJSH
ETHEREUM: 0x5CecA7DB267169Ca6821edADC0baB80b346Ce6c0
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Fixing China's Financial Credit System

Hundreds of millions of Chinese citizens still use costly informal credit where they lack access to a formal financial system. Martin Chorzempa says that Chines...

Hundreds of millions of Chinese citizens still use costly informal credit where they lack access to a formal financial system. Martin Chorzempa says that Chinese officials should work with private companies to improve the rules around sharing while protecting consumer data that will provide fair priced loans to Chinese people.

Hundreds of millions of Chinese citizens still use costly informal credit where they lack access to a formal financial system. Martin Chorzempa says that Chinese officials should work with private companies to improve the rules around sharing while protecting consumer data that will provide fair priced loans to Chinese people.

Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing.
At the mean time...

Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing.
At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all entering into micro-loan business to challenge traditional banks.
Alibaba
Alifinance doesn't reveal too much details, so we have to wait for the credit payment service's launch. The credit card interest-free period is 38 days. The credit limit would based on users' record on Taobao and Tmall. Alifiannce said they would cooperate with banks to run the service.
Earlier in June, Alibaba began offering currency fund products, called "Yu'E Bao" which means leftover treasure in Chinese. Alipay users can choose to put their money in Yu'E Bao to earn returns much higher than banks, with around 4.4% annual return. It has attracted a lot of users because of no minimum requirement and withdraw limit. Now, Yu'E Bao reached 20 billion yuan (USD 3.24 billion). Its users increased to 2.5 million merely in half a month.
Tencent
Wechat 5.0 includes payment service, which is supported by Tenpay. Now users can pay on public platform and pay be scanning QR code. The first batch of enterprises on Wechat includes many sectors, such as air ticket booking, online shopping, movie tickets group buy, etc.
ChinaAMC launched Wechat platform financial products in May 2013. Besides, it is said that Wechat also wants to cooperate with banks to launch financial products. Tenpay revealed to media that this project was ongoing.
BanksTraditional banks made different reactions towards internet companies' challenge.
ChinaIndustrial Bank stopped its credit card service on August 6. However, the failure of credit card doesn't mean banks cannot do online business well. Traditional banks have realized the compact of internet, and have been making changes to traditional business model. At present, China Merchants Bank and Ping An Bank have launched their Wechat platform financial services.
Although internet companies cannot compete with traditional banks now, but they stimulate banks to change. Although online finance service wouldn't be a threat to big loans, in some areas, such as third party payment and Wechat payment would influence online banks and Unionpay.
Some say Alipay and Wechat are not a huge threat to banks yet, because they have to cooperate with banks to provide online finance service. They are not competitors.
InternetFinancial system in China E bank Baidu, Alibaba challenge Chinese banks,for more information about chinese finacial system subscribe and browse channal at http://youtube.com/user/chinaworldnews as well as business website at http://penglaichina.com

Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing.
At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all entering into micro-loan business to challenge traditional banks.
Alibaba
Alifinance doesn't reveal too much details, so we have to wait for the credit payment service's launch. The credit card interest-free period is 38 days. The credit limit would based on users' record on Taobao and Tmall. Alifiannce said they would cooperate with banks to run the service.
Earlier in June, Alibaba began offering currency fund products, called "Yu'E Bao" which means leftover treasure in Chinese. Alipay users can choose to put their money in Yu'E Bao to earn returns much higher than banks, with around 4.4% annual return. It has attracted a lot of users because of no minimum requirement and withdraw limit. Now, Yu'E Bao reached 20 billion yuan (USD 3.24 billion). Its users increased to 2.5 million merely in half a month.
Tencent
Wechat 5.0 includes payment service, which is supported by Tenpay. Now users can pay on public platform and pay be scanning QR code. The first batch of enterprises on Wechat includes many sectors, such as air ticket booking, online shopping, movie tickets group buy, etc.
ChinaAMC launched Wechat platform financial products in May 2013. Besides, it is said that Wechat also wants to cooperate with banks to launch financial products. Tenpay revealed to media that this project was ongoing.
BanksTraditional banks made different reactions towards internet companies' challenge.
ChinaIndustrial Bank stopped its credit card service on August 6. However, the failure of credit card doesn't mean banks cannot do online business well. Traditional banks have realized the compact of internet, and have been making changes to traditional business model. At present, China Merchants Bank and Ping An Bank have launched their Wechat platform financial services.
Although internet companies cannot compete with traditional banks now, but they stimulate banks to change. Although online finance service wouldn't be a threat to big loans, in some areas, such as third party payment and Wechat payment would influence online banks and Unionpay.
Some say Alipay and Wechat are not a huge threat to banks yet, because they have to cooperate with banks to provide online finance service. They are not competitors.
InternetFinancial system in China E bank Baidu, Alibaba challenge Chinese banks,for more information about chinese finacial system subscribe and browse channal at http://youtube.com/user/chinaworldnews as well as business website at http://penglaichina.com

Did Shadow Banking Destabilize China's Financial System ?

China's shadow banking activities are growing rapidly and could have significant and far-reaching impact on the country's financial system. In this CreditMatt...

China's shadow banking activities are growing rapidly and could have significant and far-reaching impact on the country's financial system. In this CreditMatters TV segment, Managing DirectorRyan Tsang discusses the risks associated to various shadow banking activities and the potential impacts to the Chinese financial sector

China's shadow banking activities are growing rapidly and could have significant and far-reaching impact on the country's financial system. In this CreditMatters TV segment, Managing DirectorRyan Tsang discusses the risks associated to various shadow banking activities and the potential impacts to the Chinese financial sector

China And Russia Are Preparing For A Bankrupt US Financial System - Episode 876a

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 01.25.2016
The tech sectors is now getting hit with layoffs. The Dallas Fed survey is at a 6 year low and crashing. Manufacturing in a decline which is signalling a major depression coming soon. The East know the West is now bankrupt and they are preparing and waiting patiently for it to be complete. Norway's biggest bank is now pushing a cashless society. The house of Saud will most likely contribute to the collapse of the global economy.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these videos have been created by X22 Repo...

published: 26 Jan 2016

China's Financial Future: Shadow Banking in China

published: 22 Jul 2015

China and the Global Financial System A Clash of Civilizations

published: 23 Feb 2016

Bitcoin Could COLLAPSE Financial System According to China Central Bank Advisor!

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In This Episode:
According to a PBOC’s advisor, Bitcoin is illegitimate but the currency they issue is not. Government decree is the only thing that sets a fiat currency apart from a cryptocurrency in this respect. Governments and those in the financial industry have been constantly dwelling on the dangers of cryptocur...

published: 08 Jul 2017

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
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Follow us on:...

published: 16 Nov 2017

Chinese financial system

China's financial system is highly regulated and has recently begun to expand rapidly as monetary policy becomes integral to its overall economic policy.As a result, banks are becoming more important to China's economy by providing increasingly more finance to enterprises for investment, seeking deposits from the public to mop up excess liquidity, and lending money to the government.As part of US$586 billion economic stimulus package of November 2008, the government is planning to remove loan quotas and ceilings for all lenders, and increase bank credit for priority projects, including rural areas, small businesses, technology companies, iron and cement companies.
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About the author(s): CobbleCC
License: Creative Commons Attribution-Share Alike3.0 (CC B...

published: 21 Aug 2016

China And Other Countries Are Discussing A Reset Of The World’s Financial System - Episode 778a

Check Out The X22ReportSpotlightYouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ
Get economic collapse news throughout the day visit http://x22report.com
Report date: 09.29.2015
Using the government sponsored conference board consumer confidence is soaring compared to the people poll by Gallup. BofA getting ready to lay off employees. Glencore could be the next Lehman. CaseShiller home prices miss expectation as prices continue to come down.Home prices dropping in 10 cities and spreading. China now pushing the idea of resetting the financial system as it was done after WWII in Bretton Woods. The 4th and largest Obamacare Co-Op collapsed.
All source links to the report can be found on the x22report.com site.
Most of artwork that are included with these v...

The History of Modern Chinese Banking Part 1- The beginning

The establishment of Rishengchang Piaohao in Shanxi started an important chapter in the history of Chinese modern banking.
This 5 part documentary tells the story of the brilliant Shanxi businessmen who laid down the foundation for China’s modern banking system.
Watch Part 2: https://www.youtube.com/watch?v=dqxVuiG4vDI
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"China’s Financial Strategy and Capital Market Reform" by WU Xiaoqiu

Presented by: Professor WU Xiaoqiu, Vice President of Renmin University of ChinaEventDate: Thursday, October 13, 2016
To sustain the growth of Chinese economy, especially in the context of “New Normal,” China needs a much stronger financial system with an effective resource allocation and risk diversification mechanism. The key elements to build this system include internationalizing RMB, building an international financial center, and making Chinese capital market one of the most important global asset allocation destinations. Focusing on the capital market, there is still a huge gap between China’s ideal capital market and the current market. To bridge this gap, the Chinese government needs to reconfigure the reform, open up the stock and bond market, and change the regulations and re...

published: 02 Nov 2016

Chinese Banking System, Uber’s Financial Losses, and more from the Federal Reserve

In the past few decades, the People's Bank of China has exercised the central bank's functions and powers, as well as handling industrial and commercial credits and savings business. Therefore it was neither the central bank in the true sense, nor a commercial entity conforming to the law of the market economy. But since the adoption of reform and opening-up in 1979, China has carried out a series of significant reforms in its banking system, and strengthened its opening to the outside world. Consequently, the finance industry has developed steadily. By 2000, the balance of Renminbi savings deposits of all financial institutions stood at 12,400 billion yuan, and that of credits, 9,900 billion yuan. Now China has basically formed a financial system under the regulation, control and supervis...

published: 06 Dec 2013

THE TRUTH ABOUT CHINA'S STOCK MARKET

China’s market is crashing because they leveraged themselves to the hilt and their average investor didn’t bother to educate themselves at all on how the market works. China’s rise is quickly being revealed as a ponzi scheme and the collapse is just around the corner.This week we talk with Bert Dohmen about the state of the world economy and why China’s hubris and inability to learn from the mistakes of others will be their undoing.
Best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and...

slowdown in China's growth is a serious concern for Latin America, especially for those countries that have benefited from a record-setting boom in commodity prices since 2003. Much of the slowdown is due to structural reforms in China, partly prompted by the tepid and uncertain recovery of its large trade partners, namely, the US and EU.
Lurking in the background, however, is growing concern about possible macroeconomic instability due to China's domestic credit boom, which has been accompanied by the emergence of unregulated and fast growing "shadow banks." A disruption of the banking system cannot be ruled out and could result in a major growth contraction in China.
How big is this risk? And what are the implications for Latin America? What are the advantages of China's financial exp...

published: 03 Jun 2014

Rethinking China – China’s Financial Funhouse 10.19

Rethinking China – China’s Financial Funhouse: Will It All Come Toppling Down? A conversation with Arthur Kroeber and Zhang Lanlan
Thursday, October 19, 6:00 – 7:30PM
6:00 – 6:30PM: Cocktail networking
6:30 – 7:30PM: Program
Speakers: Arthur Kroeber, Lanlan Zhang
Event Fee: $10 Members, $20 Non-members, $5 Students
Location: 40 Rector Street, 2nd Floor, New York, NY 10006
China’s Financial Funhouse: How Close to Collapse?
Over the last decade, China has deregulated its financial system at breakneck speed, and debt has more than quadrupled. Banks and a host of non-bank financiers have created dozens of new investment products, catering to savers’ demands for higher returns than they can get on bank deposits. Borrowing by local governments, real estate companies and speculators has soared....

Subscribe to Hidden Forces Here: http://www.hiddenforcespod.com/
In Episode 16 of Hidden Forces, host Demetri Kofinas speaks with Anne Stevenson-Yang. Anne is the co-founder of J CapitalResearch, which conducts ground-up, primary research for institutional money managers on stocks, the Chinese economy, and the Chinese financial system. Over 25 years in China, Mrs. Stevenson-Yang has also worked as an industry analyst and trade advocate, heading the US Information TechnologyOffice and the China operations of the US-ChinaBusiness Council. Anne Stevenson-Yang is the author of the recent book China Alone: China’sEmergence and Potential Return to Isolation, in which she sets out her views on the Chinese economy and political system, arguing that China historically repeats a cycle of expansion and retreat.
In this episode, we take a trip to the other side of the world. We travel to the land of China. Our conversation concerns itself with the contemporary changes in Chinese society that came after the death of Chairman Mao. What was life like in China before Nixon and Kissinger made their famous visit in